by Russell Noga | Updated August 10th, 2023
As you reach the age of retirement, there are two factors that are paramount when planning for your future: health and finances. As most people age, their health tends to decline, and as a result, they require more medical care.
The cost of healthcare can be exorbitant and given the fact that most seniors are living on fixed incomes, making sure that you’re properly insured is essential. For millions of Americans, Medicare, the government-funded health insurance program, provides the health insurance they require.
Medicare does cover, but it doesn’t cover everything, and beneficiaries are responsible for paying for the expenses it doesn’t cover. These out-of-pocket expenses can be unpredictable and for a lot of beneficiaries, the cost can become exorbitant and difficult to manage, but Medicare Supplement Insurance (Medigap) can help.
Designed to offset Original Medicare’s out-of-pocket expenses, Medicare Supplement Insurance helps to make healthcare more predictable and affordable.
Medicare Supplement Insurance is sold by private insurance companies, such as CSI. If you’re shopping for Medigap coverage, in this guide, we provide an overview of CSI Medicare Supplement Insurance so that you can determine if it’s the right choice for you.
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How Medicare Supplement Insurance Works
Medicare Supplement Insurance, as the name suggests, is designed to supplement Original Medicare. It helps to fill in the gaps in Part A and Part B coverage (which is why it’s also referred to as Medigap insurance) and can make the cost of healthcare more affordable.
There are 10 Medigap policies, which are named for letters and are sold by private insurance companies. The plans are regulated by the federal government and all plans of the same letter must offer the same benefits, regardless of the insurer or the location. Several companies throughout the country offer Medicare Supplement Insurance plans, including CSI.
About CSI Insurance
Short for Central States Indemnity Insurance, CSI, a subsidiary of Berkshire Hathaway, a global holding company, was founded in 1977. The company, which is headquartered in Omaha, Nebraska, offers a variety of insurance products, including life, dental, vision, and Medicare Supplement Insurance.
CSI is licensed in all 50 states and Washington, DC; however, the company’s Medicare Supplement Insurance plans are available in 38 states.
The insurer has an A+ rating from AM Best, the foremost insurance credit rating agency, which confirms that the company is financially stable and can meet the financial obligations of individuals who hold policies with the CSI. Considered a highly reputable insurance company, CSI is regarded for providing reliable customer service and dependable products at prices that are fair and affordable.
What Medicare Supplement Plans Does CSI Offer?
In locations Central States Indemnity services, the following Medicare Supplement Insurance plans are available:
- Plan A. The most basic Medicare Supplement Insurance policy, Plan A offers the benefits that Medigap is required to provide.
- Plan B. This policy provides all the same benefits as Plan A, as well as the Part A deductible.
- Plan C. This plan offers all of the same benefits as Plan B, as well as coverage for the Part B deductible, skilled nursing facility coinsurance, and emergency medical care while traveling abroad. This policy is only available to individuals who became eligible for Medicare benefits before January 1, 2020.
- Plan F. The most inclusive Medigap policy, Plan F covers all of the expenses that Original Medicare doesn’t, including the Part B deductible. Like Plan C, Plan F is only available to individuals who became eligible for Medicare benefits before January 1, 2020.
- Plan G. This plan is the second most Medigap policy, as it covers all the same expenses as Plan F, except the Part B deductible. All beneficiaries can purchase Plan G, no matter when they become eligible for Medicare coverage.
- Plan N. Considered an affordable Medigap policy, the monthly premiums for Plan N are lower; however, in exchange, policyholders need to pay for their own copays, which can cost up to $20 per office visit and up to $50 per emergency room visit.
How Much Does CSI Medicare Supplement Insurance Cost?
Like all insurance companies that sell Medicare Supplement Insurance, Central States Indemnity sets the rates for the policies they sell. Costs vary and depend on several factors, including the following:
While the prices for CSI Medicare Supplement plans do vary widely, overall, rates for most plans and for most policyholders are fair and affordable. When considering pricing, it’s also important to be aware of annual rate increases.
The rate increases for CSI Medicare Supplement Insurance vary each year; however, on average, the typical increase ranges between 5 percent and 8 percent.
To get quotes for Medicare Supplement plans in 2024, just enter your zip code above on this page.
Who is Eligible for CSI Medicare Supplement Insurance?
In order to be eligible for Medigap coverage through Central States Indemnity, you must be enrolled in both parts of Original Medicare: Part A and Part B. Once you are enrolled, you can then apply for a CSI Medicare Supplement Insurance plan at any time; however, the ideal time to apply is during the Medigap Open Enrollment period.
During this period, which starts on the first day of the month you turn 65 and lasts for 6 months, you’re acceptance is guaranteed and your premiums will be lower. If you wait to apply for coverage until after the Open Enrollment period, your application can be subjected to medical underwriting.
Depending on your current health status and your medical history, your rates could end up being higher and there’s a chance that you could be denied coverage.
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Frequently Asked Questions
What is CSI Medicare Supplement?
Contact Us for a Free Consultation on Medigap Plans
If you have questions about Medicare Supplement plans, call our team at 1-888-891-0229. We offer professional advice on Medigap policies. Our fully licensed agents offer free consultations to give you all the information you need about Medigap. If you want someone to call you back, leave your details on our contact form, and we’ll get a Medigap expert to reach out to you.
Russell Noga is the CEO of Medisupps.com, an online Medicare Agency and resource center helping Medicare beneficiaries learn about Medicare, Medigap and Part D drug plans, and Medicare Advantage plans since 2009. Russell is licensed in all 50 states and has been featured as a keynote speaker, and author of several publications, along with hosting the very popular Medisupps.com Youtube channel.